Quote from: thenoblebot on June 03, 2019, 08:56:43 AM

Thanks mate - just the answer I was thinking and hoping. Although there was a circular sent out earlier by the IT dept to all the traders on local exchanges - that doesn't seem consistent with non-declaration of crypto. Iirc that circular had asked for all holdings/addresses/exchanges that a person holds - pretty much a declaration of crypto assets. I hope your logic is right though.

Why do you say to contact a CA regarding earlier years? If crypto to crypto is non-taxable and crypto doesn't need declaration - according to your logic. Coz in that case everything seems to be fine according to law. Are you unsure of your assertions here ? Totally understandable due to the confusion.

I said to contact the CA incase you have converted the crypto to cash as you said this (not sure if you just gave an example though):

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Say an individual had bought crypto a long time back (2013-2015 period) and had barely sold any crypto for cash.

If you only have crypto holdings, no need to pay any taxes. You can follow this telegram account to get updates: https://t.me/BitcoinIndia